Sensex, Nifty Seen Lower As Markets Weigh Impact Of Trump Presidency
贝塔
LIKE.TG | 发现全球营销软件&服务汇聚顶尖互联网营销和AI营销产品，提供一站式出海营销解决方案。唯一官网：www.like.tg
(RTTNews) - Indian shares look set to open lower on Thursday as investors weigh the implications of Donald Trump's return to presidency.
U.S. Republicans are projected to retake control of the Senate for the first time in four years, but control of the House remains up for grabs.
It is feared the global economy may face potentially detrimental shocks to growth and inflation if Trump implements the kind of import tariffs he had pledged.
Inflationary pressures resulting from his actions might push up the dollar and bond yields and could further impact FII inflows into India in the short term.
Benchmark indexes Sensex and Nifty rose over 1 percent each on Wednesday, with IT stocks leading the surge as Trump claimed victory in the 2024 presidential contest.
The rupee suffered its largest decline in over four months, dropping 17 paise to close at 84.28 against the greenback.
Asian stocks were mostly lower this morning, with Chinese and Hong Kong markets bucking the weak regional trend as lawmakers meet this week to formulate measures to bolster growth.
Gold and copper prices plummeted as Trump's victory sent the U.S. dollar soaring. Oil clung to modest gains after falling slightly on Wednesday as new data showed an unexpected increase in U.S. crude oil inventories.
U.S. stocks hit a record high overnight while Treasury yields jumped across the curve as Trump returned to the White House in a moment of historic consequence for American democracy.
It is believed a Trump administration will scale back government regulations and be less hostile to mergers and acquisitions but policies such as tax cuts and tariffs could trigger price pressures.
The Dow soared 3.6 percent, the tech-heavy Nasdaq Composite surged 3 percent and the S&P 500 added 2.5 percent.
European stocks gave up early gains to end lower on Wednesday amid apprehensions about Trump's policies on tariffs and immigration.
The pan European STOXX 600 dropped half a percent. The German DAX lost 1.1 percent, France's CAC 40 shed half a percent and the U.K.'s FTSE 100 finished marginally lower.
LIKE.TG：汇集全球营销软件&服务，助力出海企业营销增长。提供最新的“私域营销获客”“跨境电商”“全球客服”“金融支持”“web3”等一手资讯新闻。
点击【联系客服】 🎁 免费领 1G 住宅代理IP/proxy， 即刻体验 WhatsApp、LINE、Telegram、Twitter、ZALO、Instagram、signal等获客系统，社媒账号购买 & 粉丝引流自助服务或关注【LIKE.TG出海指南频道】、【LIKE.TG生态链-全球资源互联社区】连接全球出海营销资源。
.webp)
